facebook
twitter
rss
account
search
search
 

Healthcare plans raise price after quote

Feb. 19, 2013 at 11:51 PM   |   Comments

SUNNYVALE, Calif., Feb. 19 (UPI) -- Eighty percent of U.S. health insurance plans raise premiums above the original quoted price for a portion of their applicants, a health consumer firm says.

Kev Coleman, head of research & data at HealthPocket, a website that compares and ranks all health plans available, said the analysis found on average, plans increased premiums for 18 percent of applicants. However, plans in some states rarely increase premium.

Pennsylvania health insurance plans raised premiums for 32 percent of applicants. Premiums are typically the largest out-of-pocket healthcare costs for the average consumer and a major factor in health plan selection, Coleman said.

Companies that increased premiums on applicants most frequently were for-profit Blue Cross Blue Shield companies. Anthem Health Plans in Virginia, part of Anthem Blue Cross Blue Shield, raised premiums for more than two-thirds of applicants. The non-profit PacificSource Health Plans in Idaho was second highest within this ranking, Coleman said.

"Consumers cannot objectively compare health insurance premiums prior to application because insurers base their initial rates on the healthiest applicants, and for many these rates would not apply," Coleman said in a statement. "When insurers wait until an application is reviewed to reveal the true monthly premium, it is impossible for consumers to know what health insurance plan is the least expensive for their circumstances."

HealthPocket said the analysis involved 10,817 health insurance plans for individuals and families age 65 and under.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
16 U.S. food makers surpass calorie-counting pledge 16 U.S. food makers surpass calorie-counting pledge
2
Research links sugar subtitutes to obesity Research links sugar subtitutes to obesity
3
Morning exercise helps calm ADHD symptoms in children Morning exercise helps calm ADHD symptoms in children
4
Yoga guru BKS Iyengar dies at 95 Yoga guru BKS Iyengar dies at 95
5
New industry-baked marijuana PSAs advise moderation New industry-baked marijuana PSAs advise moderation
Trending News
Video
x
Feedback